How much funding does Rural Winnebago Revolving Loan Fund provide?

Rural Winnebago Revolving Loan Fund provides $10,000 - $40,000 in funding.

When is the deadline for Rural Winnebago Revolving Loan Fund?

The funder has not published a deadline for this grant.

Who is eligible for Rural Winnebago Revolving Loan Fund?

Eligible applicants: Rural Winnebago County (USDA designated rural areas). Geography: Applicants shall not be disqualified based on age, race, religion, color, handicap, sex, physical condition, development disability as defined in s. 51.01(5), sexual orientation or national origin.

Rural Winnebago Revolving Loan Fund

Go-EDC Foundation Inc

Foundation Small Business Grants Community Development Grants

Funding Amount

$10,000 - $40,000

Deadline

Deadline not published

Grant Type

Foundation

Can we apply?

Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.

Eligible organizations

Rural Winnebago County (USDA designated rural areas)

Geography

Applicants shall not be disqualified based on age, race, religion, color, handicap, sex, physical condition, development disability as defined in s. 51.01(5), sexual orientation or national origin

Other requirements

Any single business enterprise designated rural by the USDA
Check your business address at USDA website to verify rural eligibility
The acquisition of land, buildings, and/or fixed equipment
Inventory essential to the business operations

Overview

Purpose: A flexible gap financing tool to support small and emerging businesses engaged in job creation and economic development in the rural Winnebago area.

Award Range: Program awards for any single business enterprise range from a minimum of $10,000 to a maximum of $40,000.

Geographic Scope

Rural Winnebago County (USDA designated rural areas)

Eligibility

Any single business enterprise designated rural by the USDA
Applicants shall not be disqualified based on age, race, religion, color, handicap, sex, physical condition, development disability as defined in s. 51.01(5), sexual orientation or national origin
Check your business address at USDA website to verify rural eligibility

Eligible Activities

The acquisition of land, buildings, and/or fixed equipment
Inventory essential to the business operations
Site preparation, the construction and/or reconstruction of buildings, the rehabilitation of buildings including leasehold improvements, and/or the installation of fixed equipment
Clearance, demolition, or the removal of structures
Working capital
Research and development
Intellectual property
Employee training
Marketing of new products or its emergence into a new niche
Employee recruitment and/or transfer
Interest rate buy-down with private sector lender

Financing Guidelines

Private Funds: Up to one dollar of private sector investment shall be provided for each dollar and a half of RWRLF investment
Loan Terms: Determined on a case-by-case basis, designed around generating maximum success and outcomes
Interest Rates: Determined by the RLF Committee, balancing risk and return for Winnebago County, as well as applicable margins to cover associated costs
Repayment: Deferral of principle payments may be provided, but will be determined on a case-by-case basis
Collateral: Requirements determined on an individual basis by the RLF Committee